WELL Health Technologies (TSE:WELL) Stock Price Down 2.1% – Here’s Why

WELL Health Technologies Corp. (TSE:WELL)’s share price dropped 2.1% during trading on Thursday . The company traded as low as C$6.27 and last traded at C$6.41. Approximately 192,400 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 791,515 shares. The stock had previously closed at C$6.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Securities increased their price target on WELL Health Technologies from C$8.00 to C$8.50 in a research note on Tuesday, December 17th. Ventum Financial lifted their price target on WELL Health Technologies from C$7.50 to C$8.00 in a research report on Thursday. Raymond James lifted their price target on WELL Health Technologies from C$10.00 to C$11.00 in a research report on Tuesday, December 17th. Scotiabank raised their price objective on shares of WELL Health Technologies from C$6.00 to C$7.00 in a research note on Monday, December 16th. Finally, Haywood Securities lifted their price target on shares of WELL Health Technologies from C$8.00 to C$10.00 in a research note on Friday, December 13th.

WELL Health Technologies Price Performance

The firm has a 50-day simple moving average of C$6.57 and a two-hundred day simple moving average of C$5.28. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of -1.93 and a beta of 1.20. The company has a current ratio of 1.25, a quick ratio of 1.02 and a debt-to-equity ratio of 41.57.

About WELL Health Technologies

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.